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Sumitomo Rubber Group Breaks Ground on New Factory in Slovenia
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Sumitomo Rubber Industries, Ltd. is pleased to announce that a groundbreaking ceremony was held this past Thursday, May 17th at the future construction site (Logatec, Slovenia) of our group's new factory for the manufacture of rubber parts for medical applications, the establishment of which was first announced in August of 2017.
Some thirty people were in attendance at the groundbreaking ceremony, including Slovenia's Prime Minister Dr. Miro Cerar, the Minister of Economic Development and Technology (Mr. Zdravko Po ival ek), the Mayor of Logatec (Mr. Berto Menard) and other government representatives, as well as President Ikuji Ikeda from Sumitomo Rubber Industries and COO Dr. Peter Weber from Lonstroff Medical Elastomers d.o.o. and others. Prime Minister Dr. Cerar was kind enough to speak at the opening ceremony, saying, "I am grateful for all of the benefits that this new, cutting-edge factory will bring in terms of developing the local economy and improving local standards of living. I wish you every success in this venture."
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| Groundbreaking Ceremony(Prime Minister Dr. Cerar 5th from Left, Sumitomo Rubber President Ikeda 4th from Left) | Rendering of Completed Slovenia Factory |
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The Sumitomo Rubber Group acquired Lonstroff AG, a Swiss company engaged in the manufacture and sale of rubber parts for medical applications, in January of 2015. Since then, we have been working together with Lonstroff AG to expand this business, whose customers include some of the largest pharmaceutical companies in Europe. With the establishment of this new factory in Slovenia, our production capacity for the manufacture rubber parts for medical applications in Europe will nearly triple compared with 2016, thus allowing us to further expand this business by leaps and bounds.
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| <Slovenia Factory Profile>
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| | Company Name | : | Lonstroff Medical Elastomers d.o.o. |
| Representative | : | Peter Weber |
| Location | : | Logatec, Republic of Slovenia |
| Establishment | : | August 2017 |
| Scope of Business | : | Manufacture of Rubber Parts for Medical Applications |
| Total Investment | : | 34 Million Euro (Approx. 4.4 Billion Yen)* |
| Capital Fund (Initial) | : | 1 Million Euro (Approx. 130 Million Yen)* |
| Capital Structure | : | 100% Lonstroff AG |
| Start of Production | : | April 2019 |
| Production Capacity | : | 420 Tons/Month (by End of 2019) |
| Site Area | : | Approx. 30,000 |
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| * Conversion Rate : 1 Euro = 130 Yen |
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